What Is Common Debit AID and Why Does It Matter?

The U.S. may have the most complex point of sale (POS) debit payment system in the world. This can be traced back to its origins as an ATM card acceptance process, supported by multiple ATM networks. These grew into today’s point of sale (POS) networks, with support from major card brands, and the concept of “signature debit” transactions processed through credit networks.

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How Tipping in Restaurants is About to Change: Myth Busting with Allen Friedman Part III

We’re now in the post-EMV liability shift era, and this is the “real” start of EMV implementations in the U.S. Considering the size and complexity of payment systems right now, I think the U.S. is doing pretty well. Small and medium-sized merchants are still taking longer to migrate but are on the right track. However, the restaurant industry seems to be rampant with misinformation and myths regarding the future of payments. One such topic is tipping in full-service restaurants. Let’s take a look:

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3 Reasons Why EMV Transactions Seem Slower: Myth Busting with Allen Friedman Part II

As October 1st marks the one-year anniversary of the EMV liability shift in the U.S., EMV migration continues to pick up steam, and more merchants and cardholders are getting used to chip cards. However, it has been a significant change in behavior for both of them.

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The Rise in Credit Card Chargebacks: Myth Busting with Allen Friedman

After U.S. payment networks implemented a liability shift in October 2015, merchants that did not support EMV became liable for chargebacks from credit card fraud. Many merchants have evaluated their risk based on chargeback history, and some were surprised by their post-shift fraud volume. This gave rise in the industry to various rumors, misinformation and theories about the cause of this change in fraud volume.

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3 Key Challenges for Enabling EMV for mPOS

In 2015, the US became the last developed country to migrate to EMV – a new more secure payment acceptance system. EMV has had tremendous success in many other countries, such as the UK, Australia, and Canada, in curbing credit card fraud. Merchants in the US are now required to upgrade their payment technology to accept EMV cards to avoid the liability of any chargebacks due to fraud. Many big box retailers have proactively upgraded their payment technology to accept EMV, however, many small merchants are falling behind.

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